Funding

Resato Hydrogen Technology funding news – Resato Hydrogen Technology Secures €25Million Venture Debt Facility

Jan 14, 2025 | By Kailee Rainse

Resato Hydrogen Technology funding news - Resato Hydrogen Technology Secures €25Million Venture Debt Facility

The European Investment Bank (EIB) has signed a €25 million venture debt facility with hydrogen refuelling station developer Resato Hydrogen Technology.

SUMMARY

  • The European Investment Bank (EIB) has signed a €25 million venture debt facility with hydrogen refuelling station developer Resato Hydrogen Technology.
  • Resato Hydrogen Technology plays a key role in the development of sustainable hydrogen infrastructure.

Based in Assen, in the north of the Netherlands, the company will use the financing to boost the research and development of its proprietary technology and expand its production capacity in the coming years.

Resato’s growth plans include deploying 1,000 hydrogen refuelling stations by 2030 and are aligned with the European Union’s Sustainable and Smart Mobility Strategy, for which expanding production capacity is crucial. This year, Resato plans to relocate to a newly optimized assembly facility, enabling further scaling of production.

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EIB vice president Robert de Groot said, “Going forward, hydrogen will definitely be part of the energy mix. The green and energy transitions also depend on making sure that the right kind of infrastructure is in place to support the adoption of alternative fuels. The Bank is happy to support yet another high-tech hydrogen project developed in the Netherlands, which shows how innovative Europe can be when it has the right resources.”

In light of limitations in terms of grid capacity and availability of electricity, hydrogen is expected to play a role in several sectors of the economy when it comes to replacing fossil fuels. Specifically, Resato’s technology can help to reduce emissions by supporting the hydrogen transportation sector.

Especially for heavy-duty transport (buses and trucks) and/or long distances, hydrogen vehicles are particularly beneficial due to their great range. The advantages of H2 technology, and the availability of a reliable fuelling network can help to resolve the chicken-and-egg problem of not buying hydrogen-powered vehicles if there is no supporting infrastructure, and vice versa.

Rob Castien, CEO of Resato Hydrogen Technology added: “We are honored to receive this loan from the European Investment Bank, as it signifies their confidence in Resato’s strategy, vision, and commitment to innovation. For Resato it’s a validation of our mission to lead the way in developing advanced hydrogen refueling solutions. With this support, we are further empowered to accelerate the hydrogen refueling infrastructure. Hydrogen not only offers a clean energy solution but also reduces grid congestion, supporting Europe’s transition to a sustainable energy system.”

About Resato Hydrogen Technology

Resato Hydrogen Technology plays a key role in the development of sustainable hydrogen infrastructure. With over 30 years of experience in high-pressure technology, Resato delivers hydrogen refueling solutions for trucks, buses and cars at 350 or 700 bar.

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